Don’t waste your time – keep track of how NFP affects the US dollar!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
Warning! Old version of the browser!
Press one of the icons below to proceed to the official website of the developer and download the latest version of your browser.
Online Forex broker
Information is not investment advice
HSBC wrote in its regular monthly forecast that "the outlook for GBP is not promising, in our view, given the broader underlying flow dynamics". The common consensus was that the pound would rally after the signing of an EU-UK trade deal. However, HSBC thinks oppositely.
The Bank of America agrees with HSBC and points to the cheapness of UK assets in comparison to EU and US. Besides, the pound exchange rates are significantly lower than they were before the EU referendum results in June 2016.
HSBC forecasts GBP/USD will be trading at 1.3400 through this year, while EUR/GBP will rise to 0.94.
EUR/GBP is touching the dips now, therefore we could expect the pair to rise soon. On the weekly chart, the downside is limited by the 100- and 200-period moving averages at 0.8840. Let’s get a closer look and analyze the 4-hour chart. We see that the pair is heading towards 0.8400 at the lower line of the Bollinger Bands indicator, which the pair is unlikely to cross. Therefore, we can expect the pullback to the upside from this level. On the way up, the pair will meet resistance levels at Monday’s high of 0.8885 and the high of January 22 at 0.8920.
Despite the negative news and worrying headlines, we recommend traders to make mental reframing of the situation. This way, you can look at the market from a different perspective. Let’s observe how you can take advantage of the uncertainties and make the fundamentals work for you!
The US Federal Reserve may refrain from more aggressive interest rate hikes in March due to geopolitical risks after Russia's special operation in Ukraine…
Hello from the far 2022! FBS analysts have used some magic to travel to the future and brought you some hilarious predictions.
Great Britain released retail sales data on May 20, 9:00 GMT+3. The reading outperformed expectations greatly (+1.4% actual vs. -0.3% forecast).
The stock market has reversed, and now it’s going lower and lower…
Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?
Your request is accepted.
We will call you at the time interval that you chose
Next callback request for this phone number will be available in 00:30:00
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
